Rent Relief due to COVID-19 & VAT Treatment

Due to COVID-19, a rent releif provided to the commerisal tanents  as well by the landlords. not need to pay rent for certain period.

What is VAT treatement on this relief as per tenant and lordlord tax liability?

 

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SAJITH N26/04/2020 17:32:05

Lease variation for extending the term is not a supply unless there is separate consideration attached to it. Without consideration it will be considered as part of main lease itself. if the landlord forgoes rent for certain periodt vould

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SAJITH N26/04/2020 17:33:24

if the landlord forgoes rent for certain period it could be regarded as a discount

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Burhan Bohra07/05/2020 14:58:59

i have posted a beautiful video on vat treatment for rent free periods.... have a look throgh this link....https://www.linkedin.com/posts/burhanuddin-bohra-66a40a97_common-economic-difficulty-activity-6658737357723967488-kwHc

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